Tanzanian billionaire Mohammed Dewji is taking MeTL Group’s expansion deeper into Southern Africa with a planned US$250 million investment in Mozambique, alongside a target of creating 20,000 jobs.
Dewji disclosed the commitment following a meeting with Mozambique’s President, Daniel Chapo, where they discussed investment opportunities and stronger economic ties between Tanzania and Mozambique. The announcement was reported on August 19, 2026. (Billionaires.Africa)
The investment marks another step in MeTL Group’s strategy of expanding Tanzanian enterprise beyond its home market while building industrial capacity across Africa.
MeTL Group bets on Mozambique’s growth
According to Dewji, the investment will support MeTL Group’s expansion in Mozambique while creating opportunities across industrial growth, trade and employment.
“We have committed to investing US$250 million in Mozambique,” Dewji said, describing the move as part of a broader effort to deepen economic ties between the two countries.
The group is also targeting the creation of approximately 20,000 jobs for Mozambicans, placing employment and local economic participation at the centre of the expansion. (Profile)
The scale of the proposed investment is significant for a regional African company. Rather than positioning Mozambique simply as another sales market, MeTL’s expansion reflects a model built around production, processing, logistics and distribution.
MeTL already operates across several African markets and has businesses spanning agriculture, manufacturing and processing, energy and petroleum, transportation and logistics, financial services and real estate. The group says it employs more than 37,000 people across its operations. (metl.net)
Dewji sees opportunity in Mozambique
Dewji said his meeting with President Chapo reinforced his confidence in Mozambique’s economic direction.
“We see a great vision the president has for the Mozambique people,” he said, pointing to the country’s potential as MeTL expands its presence.
For Mozambique, the proposed investment comes as the government continues to pursue private sector growth, employment and greater domestic production.
President Chapo has repeatedly highlighted the importance of strengthening the private sector and creating economic opportunities. In July, his administration said more than US$74 million had been mobilised through the Catalytic Fund to support Mozambican businesses and stimulate production and employment. (chapo.org.mz)
The government also reported that 42,191 jobs were created during the first half of 2026, underscoring the importance of employment as a central economic priority. (O País)
From Tanzanian enterprise to African expansion
The Mozambique commitment also reflects a broader shift in how some of Africa’s largest homegrown businesses are approaching expansion.
MeTL began as a Tanzanian trading company before developing into a diversified industrial group. Today, its operations extend across East and Southern Africa, with a focus on sectors that connect production to consumers through integrated supply chains. (metl.net)
That model is increasingly important as African businesses look beyond exporting raw materials and importing finished products.
For Dewji, the opportunity is not simply about putting capital into another African market. It is about building businesses that can operate across borders while creating jobs, strengthening supply chains and increasing the continent’s productive capacity.
